Abacus Global Management Reports 93.5% Revenue Growth to $56.2 Million in Q2 2025

Abacus Global Management, Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $56.2 million for the three months ended June 30, 2025, compared to $29.1 million for the same period in 2024, marking an increase of 93.5%. For the first half of 2025, revenues totaled $100.4 million, up from $50.6 million in the prior year, reflecting a 98.5% increase. The company's net income for the second quarter was $17.6 million, a substantial rise from $651,749 in the previous year, while net income for the first half of 2025 was $23 million, compared to a loss of $623,722 in 2024.

The financial performance was bolstered by the company's strategic acquisitions, including the Carlisle Management Company and FCF Advisors, which contributed to a significant increase in asset management and life solutions revenues. Asset management revenue surged to $8.8 million in Q2 2025 from just $204,888 a year earlier, while life solutions revenue increased to $47.3 million from $28.9 million. The technology services segment also reported its first revenue of $161,900, indicating a new revenue stream for the company.

Operationally, Abacus Global Management saw a notable increase in its customer base and engagement metrics. The company held 600 life settlement policies as of June 30, 2025, with a total face value of $1.1 billion. The fair value of these policies rose to $386.1 million, up from $370.4 million at the end of 2024. The company also reported a significant increase in the number of policies serviced, which rose to 3,101 from 1,155 year-over-year, reflecting a 168.5% increase in operational capacity.

Despite the positive financial results, the company faced challenges, including a rise in current liabilities, which increased to $140.2 million from $62.5 million at the end of 2024, primarily due to the current portion of long-term debt. The total liabilities stood at $426.8 million, down from $450.9 million, indicating a strategic focus on managing debt levels. The company also repurchased $35 million in stock during the first half of 2025, reflecting its commitment to returning value to shareholders.

Looking ahead, Abacus Global Management expressed optimism about its growth trajectory, driven by its recent acquisitions and expansion into new markets. The company anticipates continued revenue growth and operational improvements as it integrates its new business units and leverages its enhanced asset management capabilities. The management remains focused on maintaining liquidity and managing its capital structure effectively to support future growth initiatives.